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Report Date : |
24.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
SP CONCARE PRIVATE LIMITED |
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Registered
Office : |
4805, Varad Plaza, Chintamani Nagar, Madhavnagar Road, Sangli 416416,
Maharashtra |
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Country : |
India |
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Date of
Incorporation : |
28.03.2011 |
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Com. Reg. No.: |
139006 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 million |
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CIN No.: [Company Identification
No.] |
U70102PN2011PTC139006 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
KLPS08681B |
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Legal Form : |
Private Limited Liability Company
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Line of Business
: |
Dealer of Constructions Chemicals |
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No. of Employees
: |
25 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of SP Concare, a proprietory concern started in
June, 2010. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Mr. Shrinivas |
|
Designation : |
Director |
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Contact No.: |
91-9011744411 |
|
Date : |
23.02.2012 |
LOCATIONS
|
Registered Office : |
4805, Varad Plaza, Chintamani Nagar, Madhavnagar Road, Sangli 416416,
Maharashtra, India |
|
Tel. No.: |
91-233-2313197 |
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Mobile No.: |
91-9011744411 (Mr. Shrinivas Patil) |
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Fax No.: |
91-233-2313197 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
AS ON 28.03.2011
|
Name : |
Mr. Nitin Patil |
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Designation : |
Director |
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Date of Birth/Age : |
30 years |
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Qualification : |
B A |
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Name : |
Mr. Shrinivas Patil |
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Designation : |
Director |
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Date of Birth/Age : |
32 years |
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Qualification : |
Civil Engineer |
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Name : |
Mrs. Lata Shrinivas Patil |
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Designation : |
Additional Director |
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Date of Birth/Age : |
14.04.1985 |
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Date of Appointment : |
11.11.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.03.2011
|
Names of Shareholders |
No. of Shares |
|
Mr. Nitin Patil |
1500 |
|
Mr. Shrinivas Patil |
8500 |
|
Total |
10000 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Constructions Chemicals |
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Terms : |
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Selling : |
Depends |
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Purchasing : |
Depends |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
·
Builders ·
Contractors
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No. of Employees : |
25 Approximately |
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Bankers : |
Sangli Urban Co Operative Bank Limited, 404, Khanbhag, Sangli 416416,
Maharashtra, India |
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Facilities : |
Cash Credit Rs. 3.500 millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Vinod Patil Chartered Accountant |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 28.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
10000 |
Equity Shares |
Rs. 10 each |
Rs.0.100 million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10 each |
Rs.0.100 million |
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|
|
|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NOTE:
Subject was established as a Proprietory
Concern in June 2010 and now it has been converted into Private Limited in
March 2011.
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) (Proprietory Concern ) |
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|
36.000 |
Expected Sales (2011-2012) : Rs.60.000 million (Private Limited)
The above information has been parted by Mr. Shrinivas
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U70102PN2011PTC139006 |
|
Name of the
company |
SP CONCARE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
4805, Varad Plaza, Chintamani Nagar, Madhavnagar Road, Sangli 416416,
Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Any interest in
immovable property |
|
Particular of
charge holder |
Sangli Urban Co Operative Bank Limited, 404, Khanbhag, Sangli 416416, Maharashtra,
India Email: san_sub@sancharnet.in
|
|
Nature of
instrument creating charge |
Hypothecation-
Mortgage Deed. |
|
Date of
instrument Creating the charge |
27.06.2011 |
|
Amount secured by
the charge |
Rs. 3.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 14.50% P.A. At
Present. Terms of repayment Review after one
year. Margin 40%. Extent and operation of the charge Cash Credit of
Rs. 3.500 millions |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
Building materials, chemicals and other equipments at the Company's
factories, godowns or situated anywhere else. Mortgage of
property at City Survey No. 4821 ( Old S.No. 214, Plot No. 25 A),
Chintamaninagar, Madhavnagar Road, Sangli-Miraj-Kupwad Municipal Corporation,
Shahar Sangli. Property at City
S. No. 4805 ( Old S.No. 214, Plot No. 9), Chintamaninagar, Madhavnagar Road,Varad
Plaza Bldg., Godown Plot 1A,1B,3, Sangli-Miraj-Kupwad Municipal Corporation,
Shahar Sangli. |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. If yes, in whose
name it is registers |
Yes, Guarantors-Shriniwas
Patil-Nitin Patil-Usha Patil-Uday Patil. |
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
-- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last One years |
Yes |
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12) Profitability for last three years |
-- |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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20) Export / Import details (if
applicable) |
-- |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.24 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.29 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.